0

Yesterday Daimler AG announced it has reorganized its cooperation with Tesla Motors Inc. In doing so, the German automaker terminated the share-price hedge it initiated in 2013 and has sold its approximately 4-percent stake in Tesla. Daimler explained it initially acquired a 9.1 percent interest in Tesla in May 2009 for an estimated $50 million. […]

+ Read More
0

Electric vehicle projects are getting a cash boost from the Canadian government. Canada’s Minister of State (Sport) and Member of Parliament for Bramalea-Gore-Malton, the Honourable Bal Gosal, announced Friday, May 3, that the Government of Canada will invest over $21 million for 13 innovative clean energy projects in the Greater Toronto Area. These projects are […]

+ Read More
0

General Motors Co. announced today it will invest nearly $332 million in four manufacturing sites to produce more fuel-efficient engines and transmissions. The investments – announced simultaneously at GM plants in Flint and Bay City, Mich.; Toledo, Ohio, and Bedford, Ind. – will support production of a new Ecotec small gas engine, a new V6 […]

+ Read More